Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Sells Commercial Building In Flushing

09/05/2014

A commercial building at 35-19 150th Street, located between Northern Boulevard and 35th Avenue in the Flushing neighborhood of Queens, was sold in an all-cash transaction valued at $2,750,000.

The three-story building contains approximately 6,000 square feet and sits on a 62’ x 133’ lot. It has been fully renovated and features ample onsite parking. It was delivered vacant at closing and the sale price equates to approximately $458 per square foot.

The property is located just 175 feet from Northern Boulevard, a main thoroughfare in Flushing.  It has convenient access to the major highways including the Van Wyck Expressway and Grand Central Parkway as well as public transportation via MTA bus, subway and LIRR Murray Hill station.

“The rarity of office space available in Flushing and the highly desirable location helped to generate a great level of interest from investors and users,” said Massey Knakal’s Stephen R. Preuss, who exclusively handled this transaction.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

www.masseyknakal.com

09/05/2014 - 10:33

Source

Cushman & Wakefield Capital Markets Group New York

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